From inflation to home prices to taxes, here's where President Biden and former President Trump differ in their stances on the U.S. economy.
A lot of issues will define the 2024 presidential election, and the economy will certainly be one of them. It's a topic where President Joe Biden and former President Donald Trump greatly differ.
While down from its 40-year high in 2022, inflation remains a big issue for most families. Presidents don't have a direct impact on what companies charge, but their presidential policies can have sway.Americans struggling to afford groceries due to increasing prices Tomas Hoppough 4:21 PM, Apr 12, 2024 President Biden has waged a public campaign to pressure companies to lower their prices.
US inflation holds on as Federal Reserve decides to keep rates at current levels Douglas Jones 12:50 PM, May 01, 2024 Another big economic issue heading into the election: housing and interest rates. Of course, you can't forget about taxes when discussing the economy. Howard Gleckman studies tax policy with the Urban Institute and he says whoever is president next year will face an intense tax debate, when the Trump-era tax cuts expire in 2025.
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